OLD National Bancorp IN Has $11.56 Million Stake in Lockheed Martin Corporation $LMT

Key Points

• OLD National Bancorp IN reduced its stake in Lockheed Martin by 5.6%, holding 24,966 shares valued at approximately $11.56 million as of the latest SEC filing.
• Several other institutional investors have increased their positions in Lockheed Martin, with Olistico Wealth LLC leading the pack with a 19.5% increase in the second quarter.
• Lockheed Martin reported an EPS of $7.29 for the last quarter, exceeding analysts' expectations; however, the company's revenue fell slightly short of estimates at $18.16 billion.

OLD National Bancorp IN decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,966 shares of the aerospace company's stock after selling 1,478 shares during the period. OLD National Bancorp IN's holdings in Lockheed Martin were worth $11,563,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Olistico Wealth LLC increased its holdings in shares of Lockheed Martin by 19.5% in the 2nd quarter. Olistico Wealth LLC now owns 1,228 shares of the aerospace company's stock valued at $569,000 after purchasing an additional 200 shares during the period. MBL Wealth LLC increased its holdings in shares of Lockheed Martin by 9.5% in the 2nd quarter. MBL Wealth LLC now owns 576 shares of the aerospace company's stock valued at $267,000 after purchasing an additional 50 shares during the period. Capital City Trust Co. FL increased its holdings in shares of Lockheed Martin by 7.1% in the 2nd quarter. Capital City Trust Co. FL now owns 6,231 shares of the aerospace company's stock valued at $2,886,000 after purchasing an additional 413 shares during the period. Wealthcare Advisory Partners LLC grew its stake in shares of Lockheed Martin by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 10,891 shares of the aerospace company's stock valued at $5,044,000 after buying an additional 58 shares in the last quarter. Finally, Berger Financial Group Inc grew its stake in shares of Lockheed Martin by 0.7% in the 2nd quarter. Berger Financial Group Inc now owns 17,395 shares of the aerospace company's stock valued at $8,056,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on LMT. Susquehanna lowered their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. TD Cowen reissued a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Lockheed Martin in a research note on Saturday, September 27th. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Up 1.1%

Shares of Lockheed Martin stock opened at $504.69 on Friday. The stock has a market capitalization of $117.82 billion, a P/E ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a 50 day moving average price of $455.88 and a two-hundred day moving average price of $460.70. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the company earned $7.11 earnings per share. The company's quarterly revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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